Wallbox N.V. (NYSE:WBX) Sees Large Decrease in Short Interest

Wallbox N.V. (NYSE:WBX) was the target of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 110,672 shares, a decline of 69.5% from the June 15th total of 363,149 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 101,768 shares, the short-interest ratio is presently 1.1 days.

Analyst Ratings Changes

Separately, UBS Group restated a “neutral” rating and issued a $4.00 price target (up from $3.00) on shares of Wallbox in a research report on Tuesday, June 30th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Wallbox presently has an average rating of “Hold” and a consensus price target of $5.33.

Insider Buying and Selling

In related news, Director Francisco Jose Riberas Mera acquired 501,361 shares of the company’s stock in a transaction on Tuesday, June 30th. The stock was purchased at an average cost of $2.72 per share, with a total value of $1,363,701.92. Following the acquisition, the director directly owned 2,539,771 shares of the company’s stock, valued at approximately $6,908,177.12. The trade was a 24.60% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Enric Asuncion Escorsa acquired 325,885 shares of the company’s stock in a transaction on Tuesday, June 30th. The stock was bought at an average cost of $2.72 per share, with a total value of $886,407.20. Following the completion of the acquisition, the chief executive officer directly owned 1,218,952 shares in the company, valued at approximately $3,315,549.44. This represents a 36.49% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have acquired 1,829,968 shares of company stock valued at $4,977,513.

Institutional Trading of Wallbox

A hedge fund recently bought a new stake in Wallbox stock. GM Advisory Group LLC purchased a new stake in Wallbox N.V. (NYSE:WBX) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 17,500 shares of the company’s stock, valued at approximately $43,000. GM Advisory Group LLC owned about 0.10% of Wallbox as of its most recent filing with the Securities and Exchange Commission. 36.94% of the stock is currently owned by institutional investors.

Wallbox Stock Up 8.9%

Shares of WBX stock traded up $0.44 on Tuesday, reaching $5.38. The company had a trading volume of 39,539 shares, compared to its average volume of 128,570. Wallbox has a one year low of $2.30 and a one year high of $7.83. The business’s 50-day moving average is $3.46 and its 200 day moving average is $3.10.

Wallbox (NYSE:WBX) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($1.31) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.81) by $0.50. The company had revenue of $34.38 million for the quarter, compared to analyst estimates of $40.64 million. Wallbox had a negative net margin of 70.12% and a negative return on equity of 6,451.74%.

Wallbox Company Profile

Wallbox is a global provider of electric vehicle (EV) charging solutions, offering hardware and software designed to simplify and optimize the charging experience for residential, commercial and public applications. The company’s product lineup includes smart home chargers, DC fast chargers for fleet and commercial use, and energy management systems that integrate with solar panels and battery storage. Through its myWallbox software platform, users can remotely monitor and control charging sessions, track energy consumption and set custom charging schedules.

Headquartered in Barcelona, Spain, Wallbox has expanded its operations across Europe, North America, Asia and Australia, establishing regional offices and service centers to support customers and channel partners.